ASEC Holding raised their share in ASEC CEMENT from 51.56% to 61.04% , the agreement reached 80 million USD, accordingly Emirates company sold all their shares which was 9.48% in ASEC CEMENT to ASEC Holding, Mr.Hesham Al-Khesindar , the CEO of Citadel capital confirmed that the agreement accomplish a mutual interest , it provide a liquidity to Emirates company of 50 million USD as well as having an additional share in ASEC Holding, as for Citadel company they were able to raise their share in ASEC CEMENT.

ASEC CEMENT is a platform for investments in emerging cement markets in the Middle East and North Africa Region and was created in November 2005 by Citadel Capital, the MENA region’s leading private equity firm

ASEC Commitment

We seek to achieve and retain the continuous satisfaction of our customer, employees and shareholders because we believe it is the road to success.